NYLI MacKay Shields Municipal Intermediate ETF (MMIT) Price, Holdings, & News

ETF Overview

The IQ MacKay Municipal Intermediate ETF (MMIT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to provide enhanced total-return potential by investing mainly in investment-grade, AMT-free US municipal bonds with duration between 3-10 years. MMIT was launched on Oct 18, 2017 and is managed by IndexIQ.

Key Stats

• Today's Range: $23.73 to $23.82
• 50-Day Range: $23.65 to $23.85
• 52-Week Range: $22.99 to $24.65
• Volume: 300,544 shs
• Average Volume: 204,089 shs
• Market Capitalization: $1.03 billion
• Assets Under Management: $1.03 billion
• Dividend Yield: 3.62%
• Net Expense Ratio: 0.30%
• Aggregate Rating: N/A

MMIT ETF - Frequently Asked Questions

How have MMIT shares performed this year?

NYLI MacKay Shields Municipal Intermediate ETF's stock was trading at $24.01 at the start of the year. Since then, MMIT stock has decreased by 1.2% and is now trading at $23.73.

Who are NYLI MacKay Shields Municipal Intermediate ETF's major shareholders?

Top institutional shareholders of NYLI MacKay Shields Municipal Intermediate ETF include Orgel Wealth Management LLC (13.68%), TruWealth Advisors LLC (1.60%), Pallas Capital Advisors LLC (1.33%) and MassMutual Private Wealth & Trust FSB (0.97%).

How do I buy shares of NYLI MacKay Shields Municipal Intermediate ETF?

Shares of MMIT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of NYLI MacKay Shields Municipal Intermediate ETF own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NYLI MacKay Shields Municipal Intermediate ETF investors own include Acxiom (ACXM), Duke Realty (DRE), Keane Group (FRAC), Adesto Technologies (IOTS), Teekay Tankers (TNK), Verizon Communications (VZ) and Atmos Energy (ATO).

Fund Details

• Issuer: New York Life Investments
• Fund Name: NYLI MacKay Shields Municipal Intermediate ETF
• Tax Classification: Regulated Investment Company
• Stock Exchange: NYSEARCA
• Current Symbol: NYSEARCA:MMIT
• Inception Date: 10/18/2017
• Fund Manager: John Loffredo, Robert DiMella, Michael Petty, David Dowden, Scott Sprauer, John Lawlor
• Web: N/A
• Phone: N/A

Fund Focus

• Asset Class: Fixed Income
• Benchmark: N/A
• Category: Municipals
• Focus: Investment Grade
• Development Level: Developed Markets
• Region: North America
• Number of Holdings: 672

Fund Statistics

• Assets Under Management: $1.03 billion
• Average Daily Volume: $508.58 thousand
• Discount/Premium: -0.05%

Administrator, Advisor and Custodian

• Administrator: The Bank of New York Mellon Corporation
• Advisor: New York Life Investment Management, LLC
• Custodian: The Bank of New York Mellon Corporation
• Distributor: ALPS Distributors, Inc.
• Transfer Agent: The Bank of New York Mellon Corporation
• Trustee: N/A
• Lead Market Maker: GTS

Options

• Optionable: N/A
• Short Interest: 6,700 shs

Miscellaneous

• Outstanding Shares: 43,200,000
• Beta: 0.11
• Creation Unit: 50,000
• Creation Fee: $500.00